Maiden Holdings Q2 2024 net loss $10.0M; book value per share down 4% to $2.38

Maiden Holdings, Ltd.

2024-Q2 EPS reported -$0.08 revenue$49,391,000

Net loss attributable to common shareholders $10.0M ($0.10 diluted EPS); adjusted non-GAAP operating loss $7.7M ($0.08 diluted EPS).
Investment results fell to $9.9M from $16.5M in Q2 2023; fixed income yield rose to 4.8%.
LPT/ADC deferred gain increased to $78.2M; recoveries expected to begin in Q4 2024.
Entered Renewal Rights Agreements with AmTrust subsidiaries to divest IIS business; Maiden LF and Maiden GF no longer writing new business.
Repurchased 747,561 shares during Q2 at avg $2.13; 36,984 more shares repurchased through Aug 7.

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